Biggest Bitcoin Hack Ever

Bitcoin is the cryptocurrency based on blockchain technology. It has the open ledger and Peer-to-Peer Network.

Although the blockchain technology is considered secure. There is an incident of hack that results in the loss of property.

Bitcoin Hack

The hacking happens mostly due to carelessly handling of the private key.

As there are various incident of Bitcoin hack that recommended precaution during its investment.

Depending on the size and type individual and group can be involved in Hacking.

Some of Major Hack

Some of the profound Bitcoin hacks are summarized below.

Binance

In July 2019 more than $40 million Bitcoin from the Binance was stolen. This the latest Bitcoin hack noticed.

Binance is the dominant cryptocurrency platform based on the Malta. It was established in the year 2017.

This is the latest Bitcoin hack from the major platform.

Mt. GOX

This is the platform, which was operating in 2010. It gets hack twice-in 2011 and 2014. In 2011, 2609 Bitcoin was hacked.

Whereas in 2014 Estimated 750 K BTCs have been lost. These cause the shut down of the platform due to bankruptcy.

This platform was based in Tokyo Japan.

This is the most prominent hacking in Bitcoin History.

BitFinex

This is considered as the second largest hack in history. An estimated 1,20,000 BTCs have been hacked from the system. Despite the massive attack this platform is still in function.

Bitstamp

In the year 2015, an estimated 19,000 BTC was stolen. Despite the massive hack is still in function to the date.

BitFloor

An amount estimated to be 24, 000 BTC has been hacked in September 2012. This Bitcoin exchange got close due to bank regulatory measures after hack.

Summery

Bitcoin being the prominent cryptocurrency is subjected to hacking from time to time. There is some incident that causes massive loss of the crypto coin in no time. This recommends precaution before investing a significant amount in the Cryptocurrency.